Unusual 11 Midday Movers 02/28: (ALIM) (SUMR) (LAS) Higher; (PEIX) (CECO) (SYKE) Lower

February 28, 2012 1:55 PM EST
Alimera Sciences, Inc., (Nasdaq: ALIM) 68% HIGHER; announced the positive outcome of the Decentralized Procedure for ILUVIEN in Europe. The announcement follows the issuance of the Final Assessment Report from the Reference Member State, the Medicines and Healthcare products Regulatory Agency of the United Kingdom, and the agreement of all the Concerned Member States that ILUVIEN is approvable. Click here to read the full report.

Pacific Ethanol (NASDAQ: PEIX) 24.4% LOWER; reported Q4 EPS of ($0.03), versus ($1.00) reported last year. Revenue for the quarter came in at $241.8 million, versus $134.2 million reported last year.

Summer Infant, Inc. (NASDAQ: SUMR) 21.5% HIGHER; reported Q4 EPS of $0.08, $0.02 better than the analyst estimate of $0.06. Revenue for the quarter came in at $55.4 million versus the consensus estimate of $55.18 million.

Lentuo (NYSE: LAS) 19.6% HIGHER; after holding above a technical level at $4 for the last week or so, the stock is breaking above the $4.50 level today. Shares bounced off the 200-day SMA this morning.

pSivida (Nasdaq: PSDV) 19.1% HIGHER; stock continuing over the $2 level today. After jumping nearly 50 percent to close at $1.74 on Friday, shares jumped another 23.5 percent yesterday.

eResearch Technology Inc. (NASDAQ: ERT) 18.4% HIGHER; reported Q4 EPS of $0.14, $0.04 better than the analyst estimate of $0.10. Revenue for the quarter came in at $52.3 million versus the consensus estimate of $47.52 million. Sees Q1 2012 EPS of $0.08-$0.11, versus the consensus of $0.10. Sees Q1 2012 revenue of $46-$49 million, versus the consensus of $44.73 million. Sees FY2012 EPS of $0.45-$0.53, versus the consensus of $0.46. Sees FY2012 revenue of $195-$203 million, versus the consensus of $195.16 million. The stock was upgraded to Buy at Benchmark.

Career Education Corp (NASDAQ: CECO) 16.4% LOWER; reported Q4 EPS of $0.31, $0.05 better than the analyst estimate of $0.26. Revenue for the quarter came in at $439.5 million versus the consensus estimate of $436.52 million.

Office Depot, Inc. (NYSE: ODP) 15.4% HIGHER; reported Q4 EPS of $0.03, $0.03 better than the analyst estimate of $0.00. Revenue for the quarter came in at $2.97 billion versus the consensus estimate of $3 billion.

Sykes Enterprises, Inc. (NASDAQ: SYKE) 15.9% LOWER; reported Q4 EPS of $0.27, $0.01 worse than the analyst estimate of $0.28. Revenue for the quarter came in at $276.2 million versus the consensus estimate of $287.67 million. Sees FY2012 revenue of $1.10-$1.11 billion, versus the consensus of $1.2 billion.

YRC Worldwide, Inc. (NASDAQ: YRCW) 13.8% LOWER; reported Q4 GAAP loss of ($12.40), which may not compare with the analyst estimate of ($6.69). Revenue for the quarter came in at $1.21 billion versus the consensus estimate of $1.2 billion.

Thompson Creek Metals Co., Inc. (NYSE: TC) 13.4% LOWER; reported Q4 EPS of $0.00, $0.07 better than the analyst estimate of ($0.07). Revenue for the quarter came in at $116.7 million versus the consensus estimate of $108.22 million. The stock was downgraded at Deutsche Bank, TD Newcrest and Credit Suisse.


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